MCDM'16 - paper no. 10
APPLICATION OF THE MARS METHOD TO THE EVALUATION OF GRANT APPLICATIONS AND NON-RETURNABLE INSTRUMENTS OF START-UP BUSINESS FINANCING
Ewa Roszkowska, Paweł Konopka
Abstract:
This paper discusses the issue of evaluation of grant and loan proposals submitted by start-up businesses. A multi-criteria model for the evaluation of proposals for start-up business financing is proposed, based on the MARS method and taking into account three criteria: professional experience of the person planning to start a business, evaluation of the business plan, and evaluation of credit history of the applicant. Modelling of the expert's preferences was based on verbal comparisons of decision variants from the reference set consisting of solutions close to the ideal solution. The usefulness of the model has been verified using data from loan applications submitted to the Business Friendly Fund, operating in one of cooperative banks in the Podlaskie voivodeship.
Keywords:
MARS, MACBETH, ZAPROS, credit application, start-up business financing, holistic approach.
Reference index:
Ewa Roszkowska, Paweł Konopka, (2016), APPLICATION OF THE MARS METHOD TO THE EVALUATION OF GRANT APPLICATIONS AND NON-RETURNABLE INSTRUMENTS OF START-UP BUSINESS FINANCING, Multiple Criteria Decision Making (11), pp. 153-167
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